Director, Model Development

Prosperity Life; New York (NY); Hybrid; USD 180,000 - 250,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

HSA & 401(k) match

Paid time off

Life and disability insurance

Job summary

Prosperity Life in NYC area is seeking a Director, Model Development, to lead critical actuarial modeling initiatives within a fast-growing life and annuity company. You will shape enterprise actuarial architecture, oversee multiple modeling workstreams, and translate complex analytics into strategic business outcomes.

The role demands SOA fellowship, 7+ years of actuarial experience, and a track record leading teams and large projects.

Qualifications

• Fellow of the Society of Actuaries (FSA) designation is required.
• 7+ years of actuarial experience, including team and project leadership.
• Deep expertise in U.S. Statutory accounting, including PBR.
• Deep expertise in U.S. GAAP accounting, including LDTI.
• Strong experience with life and annuity products.
• Proven ability to lead multiple projects and workstreams.
• Strong executive communication and presentation skills.
• Experience presenting complex analyses to senior leadership and Board-level audiences.
• Demonstrated success building high-performing technical teams.

Responsibilities

• Maintain and enhance actuarial models and processing tools for statutory reporting.
• Support models for Embedded Value, Business Planning, and U.S. GAAP reporting under LDTI.
• Ensure modeling outputs are accurate and aligned with requirements.
• Lead future-state modeling platform strategy and architecture modernization.
• Improve model quality, scalability, governance, and efficiency.
• Coordinate cross-functional stakeholders to drive actuarial initiatives.
• Balance hands-on modeling with project leadership.
• Drive end-to-end modeling process improvements and automation.
• Support capital management initiatives and regulatory filings.
• Lead, mentor, and develop a high-performing actuarial team.

Skills

Actuarial modeling

Project leadership

Executive communication

Team leadership

SQL

Python

Education

Fellow of the Society of Actuaries (FSA)

Tools

SQL

Python

Job description

We’re a fast-growing, privately held insurance company on a path to becoming a leading U.S. retail platform. We believe every client and customer relationship holds the potential to become something greater—and the same is true for our people. As we grow, we’re redefining how great talent connects with meaningful work, enabling our ambitious strategy while building a culture of high performance, creativity, and partnership. If you're energized about how actuarial modeling influences financial reporting, capital strategy, and enterprise decision-making, then this role offers the opportunity to lead transformational modeling initiatives while shaping the future actuarial capabilities of a growing life and annuity organization.

About The Role

We’re seeking a Director, Model Development, to join our Actuarial Modeling team and lead critical modeling initiatives within a fast-paced, high-growth environment. In this role, you’ll combine deep actuarial modeling expertise with strong project leadership to drive the development, enhancement, and modernization of enterprise actuarial models supporting financial reporting, capital management, and strategic decision-making.

As a key leader within the actuarial organization, you will oversee multiple modeling workstreams, support complex business initiatives, and help shape the future state of Prosperity Life's actuarial architecture. The ideal candidate is a technically accomplished actuary who enjoys solving complex challenges, leading teams, and translating sophisticated modeling insights into meaningful business outcomes.

What You’ll Do

• Maintain and enhance actuarial models and processing tools supporting Statutory reporting, including Cash Flow Testing and Principle-Based Reserves (PBR)
• Support models used for Embedded Value, Business Planning, and U.S. GAAP reporting under LDTI
• Ensure modeling outputs are accurate, timely, and aligned with reporting and business requirements

Strategic Modeling & Platform Modernization

• Execute the future-state modeling platform strategy, including model conversions and architecture modernization initiatives
• Lead efforts to improve model quality, scalability, governance, and operational efficiency
• Support enterprise initiatives related to LDTI, PBR, capital management, and actuarial transformation

Project Leadership & Business Execution

• Manage multiple modeling workstreams and strategic projects simultaneously, ensuring successful delivery against priorities and timelines
• Coordinate cross-functional stakeholders to drive execution of key actuarial initiatives
• Balance hands-on technical engagement with overall project oversight and leadership

Process Improvement & Analytics Enhancement

• Drive initiatives that improve end-to-end modeling processes and reduce financial reporting cycle times
• Enhance modeling controls, analytics, automation, and documentation standards
• Identify opportunities to improve efficiency, transparency, and user experience across actuarial tools and processes

Capital Management & Strategic Initiatives

• Support in-force management, actuarial due diligence, regulatory field testing, and model validation activities
• Help develop transaction pricing models for capital management initiatives, including financial reinsurance transactions
• Support regulatory filings and analyses associated with strategic capital initiatives
• Lead, mentor, and develop a high-performing team of actuarial professionals
• Foster a culture of technical excellence, continuous improvement, and collaboration
• Support the development and implementation of modeling standards, best practices, and governance frameworks

Required

What You Bring:

• Fellow of the Society of Actuaries (FSA)
• 7+ years of actuarial experience, including experience leading teams and complex initiatives
• Deep expertise in U.S. Statutory accounting, including PBR
• Deep expertise in U.S. GAAP accounting, including LDTI
• Strong experience with life and annuity products
• Proven ability to lead multiple projects and workstreams simultaneously
• Strong executive communication and presentation skills
• Experience presenting complex analyses to senior leadership and Board-level audiences
• Demonstrated success developing and leading high-performing technical teams

Preferred

• Experience with Bermuda Economic Balance Sheet Framework
• Expertise in MG-ALFA and actuarial cash flow modeling platforms
• Experience with ARCVAL CASE
• Familiarity with asset modeling
• Technical proficiency in SQL and Python

Core Competencies

• Actuarial Modeling Strategy & Technical Leadership: Deep expertise in actuarial modeling, valuation, and financial reporting frameworks, with the ability to guide complex modeling initiatives across life and annuity products.
• Project & Portfolio Leadership: Effectively manages multiple strategic workstreams, balancing technical execution, stakeholder alignment, and timely delivery of key business priorities.
• Capital Management & Financial Insight: Applies actuarial analytics to support capital optimization, transaction evaluation, financial reporting, and enterprise decision-making.
• Process Transformation & Innovation: Champions modernization initiatives that improve modeling architecture, automation, controls, governance, and operational efficiency.
• Executive Communication & Business Partnership: Translates complex actuarial concepts into clear business insights and confidently influences senior leaders and key stakeholders.
• People Leadership & Talent Development: Builds, develops, and leads high-performing teams while fostering a culture of accountability, collaboration, and continuous improvement.

What We Offer

• A collaborative, inclusive environment that values authenticity, accountability, and partnership
• The opportunity to join the company at an exciting stage of growth, where colleagues are empowered to build what’s next
• A competitive benefits package including comprehensive medical, dental, and vision coverage; an HSA and 401(k) company match; paid time off; and employer-paid life and disability insurance
• Hybrid work arrangement based in the NYC area; remote work arrangements will be considered

At Prosperity, we are committed to equal employment opportunity and encourage people from all backgrounds to apply. We make hiring decisions based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status.

We strive for a meaningful interview experience for all candidates. If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let your recruiter know.